Business Law Set 2
On This Page
This set of Business Law Multiple Choice Questions & Answers (MCQs) focuses on Business Law Set 2
Q1 | Which of the following is not a negotiable instrument
- Bill of exchange and cheque
- Postal Order & Currency note
- Promissory note and cheque
- Promissory note & Bill of exchange
Q2 | Features of Negotiable instruments are -
- Written and signed
- Recovery
- Freely transferable
- All of the above
Q3 | Holder in due course means any person-
- Drawing the instrument
- who for consideration became the possession of promissory note
- to whom order the money is directed to paid
- none of the Above
Q4 | Cheque can be of types and crossing of cheques can be of types.
- three, two
- two, two
- two, three
- three, three
Q5 | What are the limits of number of members in a Private Company?
- Fifty
- Seven
- Twenty
- Two hundred
Q6 | A public company must have at least————- directors whereas a private company must have at least ——————-
- 3;2
- 23
- 25
- 810
Q7 | The registered office clause of memorandum of association contains
- The name of the state in which the registered office of the company is to
- The name of the city/town only and not that of the state.
- The name of registrar of companies
- The complete postal address.
Q8 | Which documents contains the regulations relating to the internal management of a
- Memorandum of Association
- Articles of Association
- Both (a) and (b)
- None
Q9 | ………….meeting is the first meeting of the members of the public company after
- board
- annual general
- departmental
- statutory
Q10 | Who can endorse the negotiable
- Maker of the
- older of the
- Drawee
- Both of A and B
Q11 | A Bill of exchange contains —
- Conditional undertaking
- Unconditional undertaking
- Unconditional order
- Conditional order
Q12 | Memorandum of Association does notinclude.
- SubscriptionClause.
- Capital Clause.
- Liability Clause.
- Assets Clause.
Q13 | Quorum for general meeting for private and public companies.
- 2 and 5.
- 3 and 6.
- 5 and 7.
- None of these.
Q14 | What do you mean by symbolic possession?
- Delivery of keys of lock of godown where the goods
- Conditional promise to delivery.
- Actual Delivery.
- None of these
Q15 | What does Caveat emptor means?
- beware agent
- beware customer
- beware trader
- beware seller